Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.
Source: (https://coinmarketcap.com/charts/#dominance-percentage)
Any ideas about why this is happening?
Source: (https://coinmarketcap.com/charts/#dominance-percentage)
Any ideas about why this is happening?
IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.
Many long term user know this.Even they spread the awareness about the bitcoin to their friend and family member.Even my Mom and Dad know ,I am earning my Second salary from the source called Bitcoin.I had quit my real job and start to work in Bitcoin by the sense of Trading,Mining and Participating in a Signature Campaign. Now the price of bitcoin crossed the 6000$ peak .It's due to all of us.We can proud to say we are one of the Responsible for the Bitcoin growth and the increase in price.